Posted On: 09/02/2014 7:17:59 PM
Post# of 2155
From Kadams post on IHUBOK folks let's get to the bottom of this thing:
Here's some history regarding the OTCB Delistings and rule 15c2-11 - "What Happened"
https://www.google.com/search?q=IVOB&ie=u...hannel=nts
And if you check the number of delistings that day it backs up what the letter explains, that a MM due to low volume, eventually will drop sponsorship of a number of securities to control costs. Here's the list for July 17, 2014, I count almost 90:
http://otcbb.com/asp/dailylist_search.asp?Sea...chdate.y=0
Since there are almost no deletions in the 4-5 days before that, I suspect all those companies were de-sponsored by the same market maker. The only thing that this is indicative of is MCIG's volume fell below the market makers minimum volume threshold for sponsoring a security, not problems with the company itself.
Here's some history regarding the OTCB Delistings and rule 15c2-11 - "What Happened"
https://www.google.com/search?q=IVOB&ie=u...hannel=nts
And if you check the number of delistings that day it backs up what the letter explains, that a MM due to low volume, eventually will drop sponsorship of a number of securities to control costs. Here's the list for July 17, 2014, I count almost 90:
http://otcbb.com/asp/dailylist_search.asp?Sea...chdate.y=0
Since there are almost no deletions in the 4-5 days before that, I suspect all those companies were de-sponsored by the same market maker. The only thing that this is indicative of is MCIG's volume fell below the market makers minimum volume threshold for sponsoring a security, not problems with the company itself.
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